The real estate market in the Bay of Quinte area had an interesting October, with activity levels and prices shifting slightly across Quinte West, Prince Edward County (PEC), Belleville, and Brighton. Whether you’re looking to buy, sell, or simply curious about local trends, here’s a quick breakdown of what’s happening in each area.
Quinte West
In Quinte West, 45 homes were sold in October, with average sale prices around $517,685. This is a bit lower than the average price over the year, which has been about $573,956. What does this mean for buyers and sellers? For buyers, it could be an opportunity to find a home in a desirable area without the higher prices we’ve seen earlier in the year. For sellers, knowing that demand is steady (even if prices dipped slightly) means it’s still a good time to list your property, especially for those who want to attract buyers interested in affordable housing close to major amenities.
Prince Edward County (PEC)
Known for its wineries, beautiful landscapes, and a slower pace, PEC continues to attract buyers despite slightly fewer sales compared to other areas—41 homes changed hands in October. Homes in PEC are on the higher end of the market, with an average sale price of $770,024 and a median price of $645,000. Prices here are similar to what we’ve seen over the year. PEC’s mix of residential and vacation properties keeps demand strong, especially among buyers looking for a weekend escape or investment property. Sellers benefit from a strong demand for limited listings, making PEC a robust market.
Belleville
In Belleville, 65 homes were sold in October, with an average sale price of $536,690 and a median of $505,000. For those unfamiliar with these terms, the “average” is the total price of all homes sold divided by the number of sales, while the “median” represents the middle price, where half the homes sold for more and half for less. Belleville’s market remains relatively affordable, with prices aligning with what we’ve seen throughout the year.
This is good news for buyers who want a range of options, from starter homes to family properties, in a lively community with ample amenities and services.
Brighton
Brighton, a charming, quieter town, saw 22 homes sold in October with an average sale price of $594,352 and a median of $581,500. While these prices are a little lower than what we’ve seen earlier this year, they still reflect Brighton’s appeal to those seeking small-town life close to the water. For buyers, this slight drop might mean an opportunity to secure a property in an area known for its scenic surroundings and friendly community atmosphere. Sellers might consider that Brighton’s unique appeal helps maintain interest from buyers, even as prices adjust.
What This Means for You
The October 2024 real estate trends across the Bay of Quinte area show some seasonal shifts, with a few areas seeing slight price drops. However, sales are still steady, which tells us that buyers remain interested and active.
For homeowners considering selling, if your home is within the average price range of each municipality, now is still a good time, with steady buyer interest in each community’s unique appeal—from PEC’s retreat-like properties to Belleville’s vibrant offerings. And for buyers, understanding the nuances of each area can help you make a well-informed decision on the best place to call home. There are fewer buyers than in the spring market, and this might lead to you getting a great price for the perfect home.
Ready to make your move? Contact Quinte Living today! Whether you’re exploring options to buy, sell, or just want to learn more about what these trends mean for you, our team has the local expertise to guide you every step of the way. Let us help you turn your real estate goals into reality with confidence.
Stay in the loop!
We promise not to spam your inbox. 😊
Receive a once-a-month email with a real estate market update for the Quinte area and Prince Edward County, helpful tips for homeowners and buyers, and community insights like events and municipal decisions that impact property. Though, our readers tell us the best part is Doggo of the Month.